Pensions and Other Post-retirement Benefits

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Pensions and Other Post-retirement Benefits

Pensions and Other Post-retirement Benefits

Components of net periodic benefit cost consisted of the following:

	Pension Benefits				Other Benefits
(In thousands)	2021		2020		2021		2020
Three Months Ended September 30,
Service cost	$	3,264	$	3,012	$	99	$	99
Interest cost	2,941		3,726		121		179
Expected return on plan assets	(9,532)		(8,503)		—		—
Amortization of prior service cost (credit)	66		46		(90)		(98)
Recognized net actuarial losses	4,421		3,935		399		286
Net periodic benefit cost (a)	$	1,160	$	2,216	$	529	$	466
Nine Months Ended September 30,
Service cost	$	9,748	$	9,035	$	297	$	297
Interest cost	8,575		11,178		353		537
Expected return on plan assets	(27,826)		(25,509)		—		—
Amortization of prior service cost (credit)	198		138		(270)		(294)
Recognized net actuarial losses	13,263		11,805		1,197		858
Settlements	(1,879)		—		—		—
Net periodic benefit cost(a)	$	2,079	$	6,647	$	1,577	$	1,398

(a) Components of net periodic benefit cost other than service cost are included in the line item Other income, net in the unaudited Condensed Consolidated Statements of Income.

We made contributions of $5.8 million and $5.7 million to our pension plans during the nine months ended September 30, 2021 and 2020, respectively. We expect to make total contributions of approximately $7.7 million to our pension plans in 2021 primarily associated with statutorily required plans in the International segment.